2 Bed Flat, Single Let, Gloucester, GL1 3PB, £110,000

London Road, GLOUCESTER, Gloucestershire, GL1 3PB - 1 views - a year ago

Leasehold

BTL

ROI: 12%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£105K - £180K
Sold Prices/m²	£1.5K/m² - £2.7K/m²

Square Metres	~68.11 m²
Price/m²	£1.6K/m²
Value Estimate	£134,200£134,200
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Total Cash In	£34,200£34,200

Cash Out
Rent Range	£850 - £2,200£850 - £2,200
Rent Estimate	£875
Running Costs/mo	£539£539
Cashflow/mo	£336£336
Cashflow/yr	£4,035£4,035
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

29 sold prices from £105K to £180K, average is £135K. £1.5K/m² to £2.7K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£156K	02/23	0.13 mi	6, Hillfield Court Road, Gloucester, Gloucestershire GL1 3QS	£2,690	58	2	Flat
£140K	02/21	0.21 mi	Flat 33, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£125K	09/21	0.21 mi	Flat 6, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£128.5K	06/23	0.21 mi	Flat 28, Cathedral Court, London Road, Gloucester, Gloucestershire GL1 3QE	-	-	2	Flat
£126K	04/21	0.23 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£147K	06/23	0.23 mi	Flat 11, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£130K	07/21	0.25 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£130K	07/21	0.25 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£157K	03/23	0.25 mi	35, Michaelmas Court, Gloucester, Gloucestershire GL1 3HX	-	-	2	Flat
£150K	07/23	0.26 mi	Alexandra House, 90, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,765	85	2	Flat
£132.5K	12/22	0.26 mi	Finsbury House, 32, Pillowell Drive, Gloucester, Gloucestershire GL1 3LZ	£1,489	89	2	Flat
£150K	02/23	0.27 mi	Flat 6, Denmark Court, Denmark Road, Gloucester, Gloucestershire GL1 3HP	-	-	2	Flat
£157K	01/23	0.31 mi	37, The Crescent, Gloucester, Gloucestershire GL1 3LF	£2,127	74	2	Flat
£132K	06/21	0.31 mi	38, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,791	74	2	Flat
£128K	06/23	0.31 mi	78, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,910	67	2	Flat
£106K	12/20	0.31 mi	31, The Crescent, Gloucester, Gloucestershire GL1 3LF	£1,472	72	2	Flat
£154K	08/21	0.38 mi	Flat 6, The Willows, Lansdown Road, Gloucester, Gloucestershire GL1 3LA	-	-	2	Flat
£135K	12/21	0.52 mi	Flat 19, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£150K	11/21	0.52 mi	Flat 18, Bijou Court, Kingsholm Road, Gloucester, Gloucestershire GL1 3DJ	-	-	2	Flat
£179.9K	02/23	0.58 mi	Flat 3, Chesmann Court, Estcourt Road, Gloucester, Gloucestershire GL1 3LY	-	-	2	Flat
£105K	05/23	0.7 mi	Flat 4, Brunswest Court, Parliament Street, Gloucester, Gloucestershire GL1 1YG	£2,561	41	2	Flat
£115K	10/21	0.7 mi	Flat 14, Lesanne Court, Parliament Street, Gloucester, Gloucestershire GL1 1YF	-	-	2	Flat
£180K	12/22	0.72 mi	4, Chillingworth Mews, Gloucester, Gloucestershire GL1 1HH	£2,647	68	2	Flat
£122K	02/23	0.82 mi	44, Bishops Castle Way, Gloucester, Gloucestershire GL1 4DP	-	-	2	Flat
£122K	06/23	0.94 mi	Flat 1, Archway House, Farm Street, Gloucester, Gloucestershire GL1 5AD	-	-	2	Flat
£138K	11/22	0.99 mi	22, Alders Green, Gloucester, Gloucestershire GL2 9HJ	£2,509	55	2	Flat
£148.7K	12/22	1 mi	12, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,520	59	2	Flat
£125.5K	11/20	1 mi	16, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,164	58	2	Flat
£145.5K	01/23	1 mi	23, Overbrook Close, Gloucester, Gloucestershire GL4 3BQ	£2,675	54	2	Flat

Local Rents

44 rents from £850/mo to £2.2K/mo, average is £963/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	03/25	0.04 mi	-	2	Semi-Detached House
£915	05/24	0.07 mi	London Road , Kingsholm , Gloucester	2	Flat
£950	03/25	0.17 mi	-	2	Flat
£875	04/24	0.21 mi	London Road, Gloucester, GL1	2	Flat
£950	04/24	0.25 mi	The Courtyard, London Road	2	Flat
£925	04/24	0.26 mi	Denmark Road, GL1	2	Flat
£1,150	04/24	0.26 mi	Kew House, Pillowell Drive, GRH (Gloucestershire Royal Hospital), Gloucester, GL1	2	Flat
£1,200	04/24	0.26 mi	-	2	Flat
£945	04/24	0.3 mi	Victoria House, Mayhill Way	2	Flat
£850	05/24	0.31 mi	The Crescent, GL1	2	Flat
£875	04/24	0.34 mi	Worcester Street, Gloucester, GL1	2	Flat
£1,050	05/24	0.35 mi	Swan Road, Gloucester	2	House
£1,050	05/24	0.35 mi	Swan Road, Gloucester	2	House
£1,250	04/24	0.35 mi	Market Parade, Gloucester	2	Flat
£925	04/24	0.37 mi	Station Road, Gloucester, GL1	2	Flat
£925	04/24	0.37 mi	Station Road, Gloucester, GL1	2	Flat
£2,200	04/24	0.38 mi	Station Road, GLOUCESTER	2	House
£2,200	04/24	0.38 mi	Station Road, GLOUCESTER	2	House
£1,000	04/25	0.38 mi	-	2	Flat
£900	02/24	0.38 mi	-	2	Flat
£875	04/24	0.39 mi	Worcester Street, Gloucester	2	Flat
£950	04/24	0.39 mi	Sebert Street, Gloucester	2	Terraced House
£900	04/24	0.41 mi	-	2	Flat
£915	04/24	0.43 mi	Hamer Street, Gloucester, GL1	2	Flat
£1,150	04/25	0.43 mi	-	2	Flat
£2,200	12/24	0.43 mi	-	2	Terraced House
£850	04/24	0.44 mi	Worcester Street, Gloucester	2	Flat
£850	04/24	0.46 mi	75-81 Eastgate Street, Gloucester	2	Flat
£1,000	05/24	0.46 mi	Eastgate Street, Gloucester	2	Flat
£1,100	05/24	0.47 mi	-	2	Flat
£1,100	04/25	0.47 mi	-	2	Flat
£875	05/24	0.47 mi	-	2	Terraced House
£875	04/24	0.47 mi	Eastgate Street, Gloucester, GL1	2	Terraced House
£975	03/24	0.47 mi	-	2	Terraced House
£1,525	04/24	0.48 mi	St. Johns Lane, Gloucester	2	Flat
£1,000	05/24	0.48 mi	-	2	Flat
£1,195	01/25	0.49 mi	-	2	Flat
£1,000	04/24	0.49 mi	Kingsholm Road, Gloucester, GL1 3AZ	2	Flat
£875	05/24	0.52 mi	Northgate Street, Gloucester, GL1	2	Flat
£1,475	04/24	0.52 mi	St. Johns Lane, Gloucester	2	Flat
£925	03/24	0.53 mi	-	2	Terraced House
£1,325	04/24	0.54 mi	St. Johns Lane, Gloucester	2	Flat
£900	04/24	0.56 mi	Kiln Close, Gloucester, GL1 1GH	2	Flat
£1,100	04/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in GL1	34,17234,172
Population in Gloucester	173,084173,084
Town centre distance	0.87 miles away0.87 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+37%+37%

Property History

Listed for £110,000

March 20, 2024

Floor Plans

Description

This two bedroom apartment is a fantastic first time buy or investment. It benefits from a central location, being within walking distance to Gloucester train station, Gloucester Royal Hospital and further transport links.

Accommodation compromises an entrance hallway, an open plan kitchen lounge area, bathroom and two generous sized bedrooms.

Further benefits are communal parking, electric heating, double glazing and being in a fantastic location.

This property was built with 100 years lease. There is approximately 80 years left on the lease.
£50 aprox Ground Rent Annually
£2000 aprox Service Charge Annually

Agent Details

Taylors Estate Agents, Gloucester

01452 229523

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents